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. >> reporter: it could also pump lots of money into local economies. >> the san francisco controller's office came out with a report last year that said $4.2 billion was pumped into the san francisco economy from the nightlife directly. >> it would probably be bad for, like, police enforcement, those having to do their job more. >> there's a school of thought goes, wait a minute, there's nothing good that happens after 2:00. [ laughter ] >> i don't know. a lot of good things happen after 2:00! [ laughter ] >> reporter: just so it's clear, the law as it stands now allows some places to stay open until 4:00 am. they just have to cut off alcohol at 2:00 am. back here, they have to cut it off at 2:00 am, and everybody has to go home at 1:00 am. >> so are people worried that by keeping the bars open longer, it may lead to more problems like fighting and even duis? >> reporter: that is a good question. and the senator said they looked at the scientific data in other cities that do this, las vegas, and new orleans, and there are no facts to support what you might suppose, that there is an upt
. >> reporter: it could also pump lots of money into local economies. >> the san francisco controller's office came out with a report last year that said $4.2 billion was pumped into the san francisco economy from the nightlife directly. >> it would probably be bad for, like, police enforcement, those having to do their job more. >> there's a school of thought goes, wait a minute, there's nothing good that happens after 2:00. [ laughter ] >> i don't know. a lot of...
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find out what's really happening to the global economy with mike stronger no holds barred look at the global financial headlines kaiser reports on our. mission. critical you should treat in store charges free. range month free. three stooges free. old free broadcast live video for your media projects a free media. welcome back you're watching our team now breathing new life into a stalled middle east peace process is the order of the day in moscow where bloody meter putin is meeting his palestinian can't of blood mahmoud a bus he's on his first official visit to russia becoming president of the palestinian state in the wake of a u.n. vote last yeah it is the meeting this is mahmoud abbas his first visit to moscow since last november the united nations general assembly voted to offer a the status of palestine to that of a nonmember observer state the move of sensually recognized palestine's right for statehood and has widely been considered as part of the basis for a permanent peace settlement and of course this is going to be one of the major issues to be discussed between the palesti
find out what's really happening to the global economy with mike stronger no holds barred look at the global financial headlines kaiser reports on our. mission. critical you should treat in store charges free. range month free. three stooges free. old free broadcast live video for your media projects a free media. welcome back you're watching our team now breathing new life into a stalled middle east peace process is the order of the day in moscow where bloody meter putin is meeting his...
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is growing at a very very impressive rate and the economies of us other brics nations and so trying to provide leadership in a certain way and china as well as their trade relationships with brazil with african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways is fueling the world's economy and if it's going to continue to do that it has to make this transition from an economy based on many fracturing to an economy based on consumption that's one of the biggest challenges for china's new leadership in the years ahead. while the ball games between the u.s. and china also playing out in the digital world washington has left out at beijing accusing chinese hackers of must in minding attacks on american cyber security. investigated whether the u.s. is really the victim here. a bigger threat than al qaeda this is how washington officials now described alleged cyber attacks coming from china u.s. stopper delegates officials now rank the threat of computer large foreign of sorts higher
is growing at a very very impressive rate and the economies of us other brics nations and so trying to provide leadership in a certain way and china as well as their trade relationships with brazil with african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways is fueling the world's economy and if it's going to continue to do that it has to make this transition from an economy based on many...
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the local economy is based on cocoa plant growing these small green leaves.
the local economy is based on cocoa plant growing these small green leaves.
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well be very interesting in china china's economy is growing at a very very impressive rate and. started to get the economies of these other brics nations and so china provides leadership in a certain way and china as well of their trade relationships with brazil with i'm african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways this fueling the world economy and if it's going to continue to do that have to make this transition from an economy based on many factures into an economy based on consumption and that's one of the biggest challenges for china's new leadership in the years ahead all right journalist shannon fans and thanks very much for your insight. well the u.s. and china aren't just sizing each other up militarily the two powers also moving closer to a digital war after president barack obama promised but using tough talk over alleged cyber attacks originating from china this is the u.s. military is creating special units to launch offices in cyberspace in respons
well be very interesting in china china's economy is growing at a very very impressive rate and. started to get the economies of these other brics nations and so china provides leadership in a certain way and china as well of their trade relationships with brazil with i'm african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways this fueling the world economy and if it's going to continue...
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and if it's going to continue to do that it has to make this transition from an economy based on many fracturing to an economy based on consumption that's one of the biggest challenges for china's new leadership in the years ahead. while the u.s. and china are in sizing up but to each other the military the two paul is also moving closer to a digital wall after barack obama promised beijing tough talk over alleged cyber attacks so that's as the u.s. military is creating special units to launch offenses in cyberspace in response to for the attacks. skew reports on this digital conflict build up. a bigger threat than al qaeda this is how washington officials now describe the legit cyber attacks coming from china u.s. stop it delegates officials now rank the threat of computer large foreign of sorts higher than terrorism transnational organized crime and weapons of mass destruction for the first time since nine eleven washington has long accused china of stealing military secrets and intellectual property from hacking president obama's facebook page to cyber attacks against u.s. flagship
and if it's going to continue to do that it has to make this transition from an economy based on many fracturing to an economy based on consumption that's one of the biggest challenges for china's new leadership in the years ahead. while the u.s. and china are in sizing up but to each other the military the two paul is also moving closer to a digital wall after barack obama promised beijing tough talk over alleged cyber attacks so that's as the u.s. military is creating special units to launch...
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danny the economy moving again. getting our debt crisis under control so we may preserve the american dream. these are precisely the priorities that are incorporated in our house republican budget. american families know the federal of rigid federal government should not be spending more than it has. the budgets that have been proposed by the president in the past have never gotten a balance. -- gotten to balance. the president missed the legal deadline of february 4 to send in a budget. past experience tells us when he gets around to it, it will likely not balance, either. american families cannot live this way and neither should the federal government. democrats have not adopted a budget in four years. they will do one this year because of the no budget, and no pay bill. we look for to see in that budget. the test is to see whether or not they can pass that budget out of their own committee and chamber. we're which it will enough democrats be willing to endorse a plan with more so washington can spend more? that i
danny the economy moving again. getting our debt crisis under control so we may preserve the american dream. these are precisely the priorities that are incorporated in our house republican budget. american families know the federal of rigid federal government should not be spending more than it has. the budgets that have been proposed by the president in the past have never gotten a balance. -- gotten to balance. the president missed the legal deadline of february 4 to send in a budget. past...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds of reports . more news today violence is once again flared up. saying these are the images the world has been seeing from the streets of canada. giant corporations rule today. victims multiply here each day. it's very profitable to invest in colombia with that very profitable it is a very high return on investment. you'll know me that he has said that i've been working in this area for thirty years and i've always had to pay the armed groups that they needed betis the managers or change their name and strategy but to still the same murderous. high ranking suspects you know coming. pretty upset about that mr president goes. to president putin. but the media. i won't give an interview i'm sorry but no. investigation is a dead. end he says six stop your bullshit and keep quiet or else you'll suffer the consequences. even if they're your bodyguards to watch themselves because the same goes for them. regards from since i've never heard of s
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds of reports . more news today violence is once again flared up. saying these are the images the world has been seeing from the streets of canada. giant corporations rule today. victims multiply here each day. it's very profitable to invest in colombia with that very profitable it is a very high return on investment. you'll know me that he has said...
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find out what's really happening to the global economy with. no holds barred look at the global financial headlines kaiser report. more news today. these are the images the world has been seeing from the streets of canada. corp. the. technology innovation. developments around russia we. covered. these continues without charge behind bars on. a hunger strike at guantanamo bay has been joined by nearly all the inmates intent on bringing attention to the dismal and deteriorating conditions at the facility have allegedly been abusing inmates and threatening to return the prison to quote the darkest days of bush well let's get more on the strike now with investigative journalist and he specializes. some inmates reportedly so sick that coughing up blood all those are being hospitalized and force fed just how bad is this strike getting do you think. well it sounds very bad you know and the problem that we have is that on the one hand we have the lawyers for the men talking about how the over one hundred of the remaining one hundred sixty six men are o
find out what's really happening to the global economy with. no holds barred look at the global financial headlines kaiser report. more news today. these are the images the world has been seeing from the streets of canada. corp. the. technology innovation. developments around russia we. covered. these continues without charge behind bars on. a hunger strike at guantanamo bay has been joined by nearly all the inmates intent on bringing attention to the dismal and deteriorating conditions at the...
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they did lower their inflation rate, express concern about the economy. i was surprised that the market is buying euro/swiss on this. we feel that euro/swiss is going to head out, that they are very concerned. the actual statement didn't break any new grounds, but i guess the vigor with which they reiterated their desire to defend the floor influenced some people in the market. >> don't they just love a central bank to come -- i know the message has been here. in some points, the swiss bank is benefiting more from the fact that people seem more willing to take a risk with the euro as opposed to chooting to fight it on the floor at this point. >> i think so. it's interesting with respect to the italian election that even though this considerable uncertainty doesn't seem to be showing up in terms of the sorts of tail risk factors that were taking the euro down last year. so i think that the snb is benefiting from that. they do have a lot of credibility and they indicate that they will use opportunities to push euro/swiss up. and i think that the market is m
they did lower their inflation rate, express concern about the economy. i was surprised that the market is buying euro/swiss on this. we feel that euro/swiss is going to head out, that they are very concerned. the actual statement didn't break any new grounds, but i guess the vigor with which they reiterated their desire to defend the floor influenced some people in the market. >> don't they just love a central bank to come -- i know the message has been here. in some points, the swiss...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report on r g. twenty seven minutes past the hour here moscow you're watching the business program on our team. welcome russia may lose tens of billions of dollars if cyprus known for its lenient tax rates defaults on its debt the island state is urgently in need of about twenty three billion dollars to pay off some of its outstanding obligations now the european policymakers accuse cyprus of being a hub for money laundering and they may offer aid with some serious strings attached if it doesn't get the cash cyprus may have to technically default and since there is a lot of russian money flowing through the island in fact according to the russians some troll bank last year about thirty percent of the country's investments abroad was in cyprus a default could mean a loss of about fifty billion dollars for russia's businesses and individuals to find out the implications of the scenario i asked patrick young of d.v. advisors if the accu
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report on r g. twenty seven minutes past the hour here moscow you're watching the business program on our team. welcome russia may lose tens of billions of dollars if cyprus known for its lenient tax rates defaults on its debt the island state is urgently in need of about twenty three billion dollars to pay off some of its outstanding...
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it's acute what are we for actually various other economies in the region such as serbia and many others an ocean don't forget a great many western companies also have operations cleared through the supreme council in nicosia and used the cyprus printing system. and it's time now to check out the markets the russian equities rebounded from wednesday's losses the r.t.s. and the my cigs gained about a third of a percent and less than a quarter percent respectively gazprom outperformed the market putting on more than one percent of the country's second largest bank v.t.v.m. was one of the biggest losers for the day on the currency markets the ruble is mixed a strengthening to the dollar but weakening to the euro and that reflects the euro dollar dynamic the euro has finally regained some ground against the dollar after shedding value for several sessions on a row as for the european shares they maintained their positive momentum throughout the day to close with gains of three quarters of a percent and more than one percent for the doubts on wall street where the trade is in full swing right
it's acute what are we for actually various other economies in the region such as serbia and many others an ocean don't forget a great many western companies also have operations cleared through the supreme council in nicosia and used the cyprus printing system. and it's time now to check out the markets the russian equities rebounded from wednesday's losses the r.t.s. and the my cigs gained about a third of a percent and less than a quarter percent respectively gazprom outperformed the market...
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same economy. what we don't see as clearly are the jobs that are destroyed or prevented from performing as the government first takes that dollar out of the economy. we see those lost jobs and chronic unemployment and a stagnating economy. the government cannot create wealth. can transfer jobs from the productive sector to the government sector by taxing one and spending on the other. it can transfer jobs from one part of the productive sector by taxing and transfer them to another part by subsidizing it. but it cannot create jobs. these policies are causing enormous damage to our economy, and i wish you folks would stop it. [laughter] >> we are running close on time. mr. williams, for two minutes. >> thank you. nobody agrees more than me. i am in the transportation business. we need good infrastructure. however, this a man and raises taxes, and that is a bad idea. i am job creator for 41 years. you don't create jobs by raising taxes on small businesses and workers. employees actually root for thei
same economy. what we don't see as clearly are the jobs that are destroyed or prevented from performing as the government first takes that dollar out of the economy. we see those lost jobs and chronic unemployment and a stagnating economy. the government cannot create wealth. can transfer jobs from the productive sector to the government sector by taxing one and spending on the other. it can transfer jobs from one part of the productive sector by taxing and transfer them to another part by...
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his predecessor, hu jintao, the country went from the seventh largest economy in the world to second, within just his term. xi jinping will have to focus on shrinking the wealth gap as soon as he gets into office. also, he is taking his first foreign trip to russia. this is largely symbolic. it is to counterbalance america's pivot towards asia. america is really spreading its economic influence and its military. this is china's symbolic show that they are also spreading their base of power all the way to russia. kenya's outgoing prime minister, raila odinga, is refusing to accept defeat in last week's elections. he announced on thursday he would appeal the result in kenya's highest court. >> this is the man who believes he should have been in -- elected kenya's next president. according to official figures, he lost the vote by more than 800,000 ballots here but at a gathering of his parties newly elected -- his part -- by more than 800,000 ballots. but at a gathering of his party's newly elected officials, he said -- >> we must defend the [indiscernible] >> goading the's supporters be
his predecessor, hu jintao, the country went from the seventh largest economy in the world to second, within just his term. xi jinping will have to focus on shrinking the wealth gap as soon as he gets into office. also, he is taking his first foreign trip to russia. this is largely symbolic. it is to counterbalance america's pivot towards asia. america is really spreading its economic influence and its military. this is china's symbolic show that they are also spreading their base of power all...
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economy continues to score optimism. we'll talk about the the dollar and how you can profit from it right after this. >>> at the top of the hour, we welcome the head of u.s. trading at bank of america, merrill lynch. >>> and the minority whip steny hoyer. 8:40, big east commissioners on the future of the conference and much more. "squawk box" will be right back. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> >>> welcome, back, everybody. the dollar getting a boost after surprising strong retail numbers. the yen falling under pressure. the chief market strategist at worldwide markets. joe, surprising this morning actually saw the euro back under 1.29. did that catch you by surprise? >> not really. the u.s. economy looks good. we'll see if it plays out over the remainder of the year. you get good figures the beginning of the year and then it fades. >> it still has the fed. and qe infinity. >> they announced they're
economy continues to score optimism. we'll talk about the the dollar and how you can profit from it right after this. >>> at the top of the hour, we welcome the head of u.s. trading at bank of america, merrill lynch. >>> and the minority whip steny hoyer. 8:40, big east commissioners on the future of the conference and much more. "squawk box" will be right back. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was...
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spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under 50 years old we are going to change the system, everybody is living longer, everybody is collecting bigger benefits, we cannot continue with the system hike this. the pre
spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true....
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this budget grows government, not the private economy. this budget taxes too much and spends too much. this budget doesn't balance today, tomorrow, or ever. this budget keeps us at the edge of a fiscal crisis with no flexibility to respond to future emergencies. that being the case, this budget should be soundly rejected by anyone who cares about our nation's future and about prosperity and opportunity for america's middle class. now, madam president, i'd like to take a few minutes to talk about the temporary assistance for needy families or tan f program. authority for tanf expired in 2010. since that time the program limped along on short-term extensions. president obama never submitted a tanf reorganization to congress for consideration. senate democrats who have been in the majority since 2007 have never proposed a reauthorization of tanf. instead of submitting a reauthorization proposal that can be considered in regular order on a bipartisan basis, the obama administration instead unilaterally granted themselves the authority to waiv
this budget grows government, not the private economy. this budget taxes too much and spends too much. this budget doesn't balance today, tomorrow, or ever. this budget keeps us at the edge of a fiscal crisis with no flexibility to respond to future emergencies. that being the case, this budget should be soundly rejected by anyone who cares about our nation's future and about prosperity and opportunity for america's middle class. now, madam president, i'd like to take a few minutes to talk...